New Risk • Apr 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (UK£7.93m market cap, or US$10.7m). Announcement • Apr 18
Mila Resources Plc Reports Drilling Results and Rock Chip Assays for Yarrol Gold Project and Monal West Mila Resources Plc reported initial assay results from its first quarter of 2026 Reverse Circulation ("RC") drilling campaign at the Yarrol Gold Project, Queensland, Australia ("Yarrol") together with the first rock chip assay results from the Basilica and Jazza target areas within its Monal West licence. The first quarter of 2026 RC programme was designed to systematically extend the mineralised footprint at Yarrol in support of an initial JORC MRE, with infill and step-out holes testing the boundaries of the system in all directions. To date, mineralisation has not been closed off in any direction and the confirmed strike length at Yarrol North now exceeds 500m. This initial batch of results covers a southern step-out hole designed to test the outer limits of the system and an infill hole to test mineralisation continuity in the west of the historic resource area. Even at these furthest positions, broad zones of gold mineralisation with higher-grade internal intercepts have been returned, and the system remains open to the south. Further results from the remainder of the first quarter of 2025 programme are pending and will be reported in due course. Best intercepts from the initial two holes include: MYARC0221 9 m @ 0.7 g/t Au from 31 m, including 1 m @ 1.45 g/t Au from 31 and 1 m @ 1.35 g/t Au from 37 m; MYARC0219 5 m @ 1.0 g/t Au from 42 m, including 2 m @ 1.44 g/t Au from 43 m. Multi-element geochemical assays are being used to refine the Company's structural interpretation of the Yarrol system and to inform next-phase drill targeting. At Monal West, initial rock chip sampling around the Jazza target has returned anomalous gold, copper and silver values accompanied by a multi-element (molybdenum (Mo), zinc (Zn) and tungsten (W)) geochemical signature consistent with porphyry and epithermal mineralising systems. The Company considers these results to be early-stage vectoring information into what may represent a broader mineralised system at depth, in a region where the inherited IP geophysics has defined a substantial subsurface anomaly. Mila intends to advance these targets to drill-ready status through targeted low-cost ground geophysical survey methods. Mila's reprocessing of historical geophysical datasets identified a priority porphyry-style exploration corridor within its Monal West licence, anchored by the Basilica IP anomaly. The Jazza target, located to the southwest of Basilica, was selected for initial surface sampling based on structural interpretation and geochemical vectoring from legacy datasets. Announcement • Apr 16
Mila Resources Plc has completed a Follow-on Equity Offering in the amount of £0.6 million. Mila Resources Plc has completed a Follow-on Equity Offering in the amount of £0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,000,000
Price\Range: £0.01
Security Features: Attached Warrants
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: £0.01
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing 
